Citadel to Acquire FlexPower

Flex Acquires Electrical Power Products, Inc. (EP2) for $1.1 Billion

April 1, 2026

Industrial Services

Flex entered into a definitive agreement to acquire Electrical Power Products, Inc. (EP2) in an all-cash transaction valued at approximately $1.1 billion, including anticipated tax benefits. The acquisition is expected to expand Flex’s Critical Power portfolio with EP2’s engineered-to-order electrical power control and protection systems and manufacturing footprint in Des Moines, Iowa.

TotalEnergies Acquires 50% Stake in EPH’s Flexible Power Platform

November 17, 2025

Energy

TotalEnergies has signed an all-stock transaction with Energetický a průmyslový holding (EPH) to acquire a 50% stake in EPH’s flexible power generation platform valued at €10.6 billion. The resulting 50/50 joint venture includes gas-fired, biomass, and battery assets across Italy, the United Kingdom, Ireland, the Netherlands, and France, supporting TotalEnergies’ “Integrated Power” strategy and gas-to-power integration.

Sensata Technologies Acquires Dynapower Company LLC from Pfingsten Partners

July 13, 2022

Industrial Services

Sensata Technologies agreed to acquire Dynapower Company LLC, an energy storage and power conversion systems provider, from private equity firm Pfingsten Partners for $580 million in cash. The transaction closed on July 12, 2022.

Fidelity Building Services Group Acquires Power of Clean Energy

September 12, 2023

Energy

Fidelity Building Services Group (through its Fidelity Energy & Sustainability team) has acquired Power of Clean Energy (PCE), a Nashville-based provider of energy transition planning and project implementation. The deal expands Fidelity’s energy and sustainability capabilities and strengthens its footprint across the southern United States as it scales toward a national platform for energy-efficient building solutions.

FlexGen Power Systems Acquires Clean Energy Services (CES) to Expand Battery Storage Commissioning and Lifecycle Services

April 2, 2026

Energy

FlexGen Power Systems acquired Clean Energy Services (CES), a provider of commissioning, maintenance, and remote monitoring services for utility-scale battery energy storage systems (BESS) and lifecycle services for solar (PV). The deal is intended to integrate CES’s commissioning and lifecycle service teams with FlexGen’s battery energy storage software (HybridOS) and OEM partner program to speed project delivery and improve long-term system reliability.

Flex Acquires Crown Technical Systems

November 20, 2024

Manufacturing

Flex (NASDAQ: FLEX) completed its $325 million all-cash acquisition of Crown Technical Systems, a designer and manufacturer of power distribution and protection systems. The deal expands Flex’s critical power portfolio into utility power and modular data center markets and adds an expected ~$120 million revenue business to its Industrial Business unit.